Hillenbrand (HI) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.52. The company posted revenue of $371.00 million in the period, compared to analysts expectations of $406.70 million. The company’s revenue was down -6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Hillenbrand closed down -0.27 points or -0.84% at $31.97 with 1,53,242 shares getting traded on Tusday. Post opening the session at $32.26, the shares hit an intraday low of $31.89 and an intraday high of $32.3 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 13, 2016, Diane R Bohman (Sr VP, Chief Adm Officer) sold 9,576 shares at $32.00 per share price. According to the SEC, on Jul 13, 2016, Christopher H Trainor (Senior Vice President) sold 6,504 shares at $32.00 per share price. On May 31, 2016, Joe Anthony Raver (President and CEO) sold 31,610 shares at $31.02 per share price, according to the Form-4 filing with the securities and exchange commission.
Hillenbrand Inc. is a global diversified industrial company that makes and sells business-to-business products and services for a variety of industries. The Company has two segments: the Process Equipment Group and Batesville. The Process Equipment Group has multiple brands of process and material handling equipment and systems serving a variety of industries worldwide. The Process Equipment Group product portfolio includes products and services for compounding extrusion and material handling; crushing and sizing and screening and separating. Batesville is engaged in the North American death care industry where it has been designing manufacturing distributing and selling funeral service products and solutions.